JPY
In currencies, this is the abbreviation for the Japanese yen. The Yen was established as the national currency of Japan in 1871 and is now one of the most widely held reserve currencies in the world. Investopedia Says:
The Yen is a popular currency among professional traders because of the lower than average interest rate found in Japan, especially between 2000-2007. Traders often look to borrow Japanese yen at a low interest rate and then look to invest in a higher yielding currency. Some common currency pairs that involve the Japanese yen include USD/JPY, CAD/JPY, EUR/JPY and AUD/JPY. Related Terms:
Currency
Currency Carry Trade
Forex - FX
Hard Currency
Money
Reserve Currency JPY
In currencies, this is the abbreviation for the Japanese yen. The Yen was established as the national currency of Japan in 1871 and is now one of the most widely held reserve currencies in the world. Investopedia Says:
The Yen is a popular currency among professional traders because of the lower than average interest rate found in Japan, especially between 2000-2007. Traders often look to borrow Japanese yen at a low interest rate and then look to invest in a higher yielding currency. Some common currency pairs that involve the Japanese yen include USD/JPY, CAD/JPY, EUR/JPY and AUD/JPY. Related Terms:
Currency
Currency Carry Trade
Forex - FX
Hard Currency
Money
Reserve Currency |